The monthly chart for $Microsoft(MSFT)$ has been showing some real resilience lately, holding that Wave 4 reversal zone and staying above the monthly MA50 for five straight months now.
It's still trading safely above the key $380.68 level, which is the 0.5 Fibonacci retracement.
From a technical standpoint, it looks like a fairly classic low-risk, high-reward macro setup.
The long-term Wave 5 target is still seen at $629.66.
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